Rigetti Q3 revenue $2.8M, net loss $18.8M; expects restatement of Q1/Q2 2022

Rigetti Computing, Inc.

2022-Q3 EPS reported -$0.51 revenue$7,042,000

Revenue $2.8M (flat vs $2.9M YoY); gross profit $2.0M vs $2.5M.
GAAP net loss $18.8M ($0.16/share) vs $9.8M ($0.43) YoY; adjusted EBITDA loss $14.8M vs $7.4M.
Cash and investments $161.0M as of Sept. 30, 2022.
Company expects restatement of Q1 and Q2 2022 financial statements; delayed Q3 2022 filing.
Recent executive transition and technical roadmap updates discussed on Nov. 14 call.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rigetti Computing, Inc. reported the third quarter of 2022 results: revenue $2.8 million, net income $18.8 million, EPS ($0.16) per share.

Period: the third quarter of 2022
Revenue: $2.8 million
Net income: $18.8 million
EPS: ($0.16) per share
Result: reported results

Exact text from the filing

for the first and second quarter of fiscal 2022, in addition to other business updates. Third Quarter 2022 Financial Highlights • Revenue for the third quarter of 2022 was $2.8 million, compared to $2.9 million in the prior year period. • Total gross profit for the third quarter of 2022 was $2.0 million, compared with $2.5 million in the prior year period. •

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-289974

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